Leon N. Weiner & Associates, Inc.

What Leon N. Weiner & Associates, Inc. does

Leon N. Weiner & Associates, Inc. (LNWA) is a privately held, vertically integrated real estate development company founded in 1949 and headquartered in Wilmington, Delaware. The firm develops, constructs, and manages multifamily, single-family, affordable housing, and hospitality assets across 10 states and the District of Columbia, with a portfolio encompassing 11,385 multifamily units developed since founding, 4,584 single-family homes developed, 6,951 affordable housing apartments under current ownership, and 658 hotel keys developed through its LNWHospitality division. Operations are conducted through wholly owned affiliates including Arbor Management LLC (property management of 75+ properties and 5,000+ units across 9 states), LNW&A Construction Corporation, Renewal Housing Associates LLC (preservation), Rural Housing Preservation Associates LLC (USDA rural housing), LNWHospitality, and the LNWA OZ Fund I (Opportunity Zone capital).

LNWA's business model rests on four revenue streams: development fees, construction contracts, ongoing property management fees, and affordable housing preservation/acquisition fees. Pricing is project-specific and quote-based; affordable housing rents are typically set at percentages of Area Median Income (e.g., 60% AMI) while market-rate units command market rents. The go-to-market is enterprise field sales, with direct relationship-driven business development targeting state Housing Finance Agencies, HUD, USDA, local housing authorities, nonprofit housing organizations, and institutional investors. Transactions are structured using complex combinations of LIHTC, Historic Tax Credits, USDA Rural Housing Programs, HUD-assisted programs, Opportunity Zone equity, and conventional debt, often through joint ventures and public-private partnerships. Customers and counterparties include the Maryland Department of Housing and Community Development, Pennsylvania Housing Finance Agency, Ohio Housing Finance Agency, Boston Financial Investment Management, Catholic Charities, Ingleside Homes, Orlean Company, PNC Bank, Federal Home Loan Bank of Pittsburgh, and Fannie Mae. Green building certifications held include NGBS, Enterprise Green Communities, DOE Net Zero Ready, LEED, EarthCraft, and EnergyStar.

The company employs 11-50 corporate staff supplemented by a 270+ property management team at Arbor Management, with senior leadership including Kevin Kelly (Chairman and Managing Principal, former 2014 NAHB Chairman), Glenn Brooks (President), David Curtis (CFO), Sean Kelly (EVP), Mary Kate Kearney (CFO), and Tim Lamberto (COO). The firm has produced two NAHB Chairmen and a Federal Home Loan Bank Board Chairman, and its founder was inducted into the NAHB Housing Hall of Fame in 1979. No external venture or private equity capital is disclosed; growth is funded through tax credit equity, project debt, and retained earnings.

Name

Leon N. Weiner & Associates, Inc.

Legal name

Leon N. Weiner & Associates, Inc.

Website

https://lnwa.com

Company type

Private

Founded year

1949

Operating status

Operating

Headcount range

11–50 employees

Short description

Leon N. Weiner & Associates (LNWA) is a vertically integrated, privately held real estate developer founded in 1949 that develops, constructs, and manages affordable, market-rate, and multifamily housing plus hospitality assets across 10 states and DC.

Ownership category

akta.pro rank

Product category

Real Estate Development Services

NAICS

Real Estate Property Managers (53131), Residential Property Managers (531311)

SIC

Operators Of Apartment Buildings (6513), General Bldg Contractors - Residential Bldgs (1520), Real Estate Agents & Managers (For Others) (6531)

akta.pro primary industry

Affordable Housing & Community Development (Housing, Community Land Trusts) (BPAGALAC)

akta.pro secondary industry

Association Maintenance, Vendor & Capital Project Management (BPAJAHAM)

Keywords

• Affordable housing development
• Multifamily real estate
• Construction management services
• Property management services
• Tax credit financing

Headquarters

HQ city

Wilmington

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Supply Chain, Infrastructure, Marketing or Sales, Technology or R&D

Revenue model

1. Real Estate Development Fees: LNWA earns development fees as developer on real estate projects, serving in various capacities from traditional developer-owner to joint-venture partner. Revenue is generated through development fees, acquisition fees, and asset management fees across their portfolio of properties.
2. Construction Services: LNW&A Construction Corp. handles construction for LNWA-developed projects, generating revenue through construction contracts. Has built more than 4,000 units of affordable housing with over $200 million in construction contracts.
3. Property Management: Arbor Management LLC manages apartment communities for LNWA and third parties, generating ongoing management fees. Currently manages 75+ properties with 5,000+ units across 9 states.
4. Affordable Housing Preservation: Affiliates Renewal Housing Associates and Rural Housing Preservation Associates acquire, renovate, and preserve affordable housing properties, earning acquisition and preservation fees.

Go-to-market motion1 record

Distribution channels2 records

Marketing channels3 records

Core offering

Leon N. Weiner & Associates, Inc. (LNWA) is a vertically integrated real estate company that develops, constructs, and manages multifamily, affordable, and single-family housing across 10 states and the District of Columbia. Its core offerings include real estate development and acquisitions (LNWA Development), construction services (LNW&A Construction Corp), property management (Arbor Management LLC), affordable housing preservation (Renewal Housing Associates), rural housing development using USDA programs (Rural Housing Preservation Associates), and hospitality development (LNWHospitality).

Product overview

Leon N. Weiner & Associates, Inc. (LNWA) is a vertically integrated real estate development company offering three core services: Development (acquisitions and new development of multifamily, single-family, and adaptive reuse projects), Construction (through LNW&A Construction Corp handling projects from concept to completion), and Management (via Arbor Management LLC managing 75+ properties). The company operates affiliated entities including Renewal Housing Associates LLC (affordable housing preservation focused on tax credit properties), Rural Housing Preservation Associates LLC (USDA rural housing programs), LNWHospitality (hotel and resort development), and LNWA OZ Fund I (Opportunity Zone investments). The company serves multiple market segments including affordable housing, market-rate housing, hospitality, and single-family homes across 10 states and the District of Columbia.

Differentiator

Problem solved

Functional benefit

Brands

• Arbor Management: Property management division of LNWA managing diverse apartment communities including suburban, urban, historic, and former public housing converted to mixed-income residential. Managed 75+ properties across 9 states with a team of 270+ professionals.
• Renewal Housing Associates
• Rural Housing Preservation Associates
• LNWHospitality

Products and services

• Real Estate Development and Acquisitions Full-service real estate development and acquisitions company handling multifamily rentals, adaptive reuse of historic urban buildings, luxury multifamily, garden-style rural, and HUD-sponsored developments.
• LNW&A Construction Corp Construction Services

Quantifiable outcome

• 11,385 multifamily units developed since 1949
• +6 more outcomes

Named customers7 records

Segments6 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

Ten partnerships are on record, tiered major, support, core and project.

• Orlean CompanymajorStrategic or Co-development PartnerOriginal developer/owner of Fenway Manor Apartments since 1976. LNWA-Renewal Housing worked with Orlean Company on property revitalization in 2018.
• GIM (General Investment Management)majorStrategic or Co-development PartnerLNWA partner on Sellersville Senior Residences development in Bucks County, PA, awarded 2019 9% LIHTCs.
• Penn FoundationsupportOthersPartnered with County of Bucks to fund behavioral health services for Sellersville Senior Residences residents.
• Catholic CharitiesmajorStrategic or Co-development PartnerProperty owner and development partner for Marydale Retirement Village renovation in Newark, Delaware. Long-term relationship with Diocese of Wilmington.
• Ingleside HomesmajorStrategic or Co-development Partner10-year partnership to convert H. Fletcher Brown mansion into 35 low-income apartments for seniors. Required state Supreme Court ruling to proceed.
• CHG (Coastal Heritage Group)majorStrategic or Co-development PartnerPartnered with LNWA to build Ocean Oaks at Jekyll Island, a 33 single-family home and 6 duplex community. First new construction on Jekyll Island in 50 years.
• RWB Development, LLCcoreStrategic or Co-development PartnerCo-owner of Rural Housing Preservation Associates, LLC alongside LNWA. Brings over 60 years of experience in affordable housing development.
• Archetype ArchitectsprojectStrategic or Co-development PartnerArchitecture firm on Onejoy condominium development project in Portland, Maine West End.
• Domaine Real EstateprojectStrategic or Co-development PartnerDevelopment partner on Onejoy condominium project in Portland's West End.
• Gebhardt Property ManagementprojectOthersProperty management firm based next door to Onejoy units, managing the completed condominium project.

Scale indicators10 records

Recent moves6 records

Expansion highlights5 records

Market position

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

Compliance8 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles15 records

Subsidiaries6 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Leon N. Weiner & Associates, Inc.